UAE Edition 
Egypt Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share
Read Full Issue 
Dubai’s residential market closed 2Q 2025 with over 50k transactions, the highest quarterly volume on record and up 21% y-o-y, according to Savills’ Dubai Residential Market 2Q report (pdf). The performance comes amid sustained population growth — forecast to surpass 4 mn by year-end — and a resilient economy. The results cap a strong 1H which saw 123.3k in total transactions, according to Dubai Land Department data.
Plenty of new launches: Developers launched around 20k units in 2Q, bringing the 1H total to 52k, a 66% y-o-y increase. Apartments represented 91% of new launches. Zone 6, which includes Jumeirah Village Circle and Dubailand, accounted for 53% of 2Q sales and nearly half of new project launches.
As for handovers: Some 6k units are estimated to have been delivered in 2Q, bringing total 1H completions to 13.5k units — slightly less than the 17.5k figure reported by ValuStrat. A further 20k units are scheduled for handover in 2H. Remember, Dubai’s real estate supply is slated to catch up with rising demand in the coming years, Fitch Ratings anticipates.
REMEMBER- The record number of new projects in the pipeline since 2023-24 are expected to add about 250k units to supply. Deliveries will spike in 2026, with the 120k units planned for handover dwarfing the 30k units delivered in 2024 and 90k in 2025, Fitch Ratings said previously. Fitch expects new units to cause an average 16% annual increase in housing supply between 2025 and 2027, outpacing expected population growth of around 5%.
Off-plan dominance: Off-plan transactions represented 70% of total transactions recorded — up from 68% in 2024. In terms of property-type, apartments continued to lead activity, accounting for 80% of sales.
Ready property transactions continued to hold steady around their yearly average, reaching 15.1k units in 2Q. Apartments made up 83% of ready transactions, while sales from both ready and off-plan villas and townhouses remained stable at around 10k transactions per quarter.
Prime market momentum: More than 2.5k homes sold for upward of AED 10 mn in 2Q, double the figure from a year earlier. Villas made up 76% of those transactions, while off-plan comprised 80%. Apartment prices in prime segments remained broadly flat.
Capital value increases skewed towards bigger houses: Average capital values for apartments remained stable y-o-y, while villas saw a 4% y-o-y increase.
